Depends what field you work in I suppose...
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Not Pareto after all
It is ironic that it was the quality guru,
Joseph M Juran, who coined the phrase
“the vital few and trivial many” to try to
overcome a mistake he made in his first
book, Quality Control Handbook, published
in the early 1950s. In it he discussed the
biased distribution of cause and effect in
quality management – the high number of
losses in quality attributable to only a small
group of defective items. In doing so, he
attributed to Vilfredo Pareto the fact that
such unequal distribution can be applied
universally. But later he had to admit that
he hadn’t studied Pareto’s work and hadn’t
realised that the 80/20 rule propounded by
Pareto related only to the distribution of
wealth in any society – past or present. In
fact, it was Juran himself who had turned
unequal distribution into a universal concept
and so, properly, it should be called
the Juran Principle. But, through personal
modesty and because of the pleasant alliteration
of ‘the Pareto Principle’, he didn’t
acknowledge the mistake until it was too
late. Although the phrase “the vital few
and trivial many” has made some headway
in terms of recognition, it can’t touch the
head start he gave to Pareto.
<HR></BLOCKQUOTE>